In this episode, Michael Pearl and Bitgo's Director of Cybersecurity, Manny Khan, discuss the recent $1.5B Bybit hack.

They explored the mechanisms behind the attack, the lessons learned, and the importance of proactive security measures in the crypto industry.

They emphasize the need for shared responsibility in security, the role of technology and processes, and the significance of automation and AI in enhancing security. The conversation concludes with a call for community collaboration to prevent future hacks and ensure the safety of digital assets.

Chapters:(00:30) Introduction to the Bybit Hack(03:42) Understanding the Attack Mechanism(06:25) The Role of Blind Signing in Security Breaches(09:08) Shared Responsibility in Cybersecurity
(12:01) Technology vs. Process Failures
(14:45) The Importance of Clear Signing
(17:36) Proactive Security Measures
(20:33) Key Pillars of Secure Crypto Custodianship
(23:06) The Role of AI in Cybersecurity(26:00) Conclusion and Community CollaborationThe Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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Michael Pearl speaks with Head of Fraud Prevention at Sumsub, Dmitrii Emelianov, about the complexities of fraud prevention in the crypto space.

They discuss the balance between overbanning and underbanning, emerging fraud tactics, the travel rule, the role of centralized exchanges in money laundering, KYC challenges, on-chain fraud prevention strategies, and the future of regulation and liability in the crypto industry.

Dmitrii emphasizes the importance of continuous monitoring and adapting to new fraud techniques, as well as the need for compliance in an evolving regulatory landscape.

(00:30) Introduction to Fraud Prevention in Crypto(03:06) Balancing Overbanning and Underbanning(07:45) Emerging Fraud Tactics in Crypto(11:11) Understanding the Travel Rule(17:11) KYC Challenges in the Age of AI(23:31) On-Chain Fraud Prevention Strategies(28:44) The Future of Regulation and Liability in Crypto

The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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In this conversation, Michael Pearl interviews Natalia Latka, a lawyer and expert in crypto regulation, discussing her journey into the field, the evolving landscape of crypto compliance, and the challenges faced by businesses in the industry.

They explore the role of Merkle Science in providing compliance solutions, the importance of monitoring token ecosystems, and the impact of new regulations like DORA.

The discussion also touches on the issues of unbanking, financial crime, and the future of crypto regulation in the US, highlighting the need for a balanced approach to consumer protection and regulatory clarity.

Episodes(02:11) Natalia Latka's Journey into Crypto Regulation
(05:05) Role of Merkle Science in Crypto Compliance
(07:04) Understanding Token Ecosystem Monitoring
(12:11) Impact of DORA on Crypto Firms
(15:51) The Challenge of Unbanking in Crypto
(22:40) Addressing Financial Crime and Fraud
(29:10) Regulatory Changes and Consumer Protection
(36:04) Future of Crypto Regulation in the U.S.

The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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Michael Pearl speaks with Eitan Katz, co-founder and CEO of Kima, about the challenges of interoperability in the blockchain space and how Kima aims to address these issues.

He explains the limitations of existing solutions, particularly bridges, and highlights Kima's unique approach that prioritizes security and compliance.

The discussion also touches on the integration of fiat currencies and the future of compliance in decentralized finance (DeFi).

Chapters

(00:30) Introduction to Eitan Katz
(01:40) Eitan Katz's Background and Journey into Blockchain
(04:31) Understanding Kima's Mission: Solving Interoperability
(08:51) The Limitations of Existing Solutions: Bridges
(15:44) Kima's Unique Approach to Interoperability
(21:46) Kima's Infrastructure and B2B Partnerships
(27:33) Integrating Fiat and Compliance in DeFi
(34:50) Security Practices in Smart Contracts and DeFi
(39:45) The Future of Compliance in DeFi

The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like BitGo, 21Shares, and Crypto[.]com prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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Michael Pearl interviews Scott Minneman, the CISO of ZeroHash, discussing the complexities of security and risk management in the Web3 space.

They explore Scott's unique journey from law to information security, the interconnected nature of risks, and how ZeroHash simplifies crypto transactions while ensuring compliance.

The conversation delves into current security threats, the importance of proactive measures, and the evolving landscape of regulation in the industry.

The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like 21Shares, Crypto[.]com, and ConsenSys prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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In this episode, Michael Pearl and Ryan Mueller (the CEO of Phantom Compliance) discuss the complexities of compliance and risk management in the crypto industry.

They explore the challenges faced by crypto companies in establishing banking relationships, the importance of KYC and transaction monitoring, and the evolving regulatory landscape.

Ryan shares insights from his extensive experience in the field, emphasizing the need for perfect compliance to avoid severe consequences.

The conversation also touches on the role of technology in compliance, the impact of fraud on consumers, and the future of crypto regulation.

Chapters

(00:30) Introduction to Ryan Mueller

(04:44) The Banking Relationship: Challenges for Crypto Companies

(07:45) Understanding Compliance: The Importance of KYC and Reporting

(13:15) The Role of Technology in Compliance and Forensics

(16:01) Fraud and Scams: Protecting Retail Investors

(21:54) Regulatory Expectations: The Gap in Compliance Solutions

(27:03) The Future of Crypto Compliance: Challenges Ahead

The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like 21Shares, Crypto[.]com, and ConsenSys prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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Michael Pearl interviews Dr. Firas Nadim Habach, Revolut's Swiss Head of Financial Crime Compliance (MLRO), and a leading expert in financial crime compliance and blockchain technology.They discuss Dr. Habach's transition from traditional finance to compliance, the implications of the MICA regulation on the crypto industry, the challenges faced by stablecoins, and the importance of AI in preventing fraud.The conversation highlights the evolving landscape of compliance in the financial services sector and the need for effective regulatory frameworks to foster trust and sustainability in blockchain technology.Chapters(00:30) Introduction to Dr. Firas Nadim Habach(02:09) Transition from Traditional Finance to Compliance(07:16) Understanding Financial Crime Compliance(09:47) Exploring MICA Regulation in Crypto(16:35) The Stablecoin Landscape and MICA's Impact(21:40) The Role of Traditional Banks in Crypto(27:31) Combating Fraud in the Crypto Space(39:28) Regulatory Accountability and Proactive Measures

The Podcast is sponsored by Cyvers - the leader in threat prevention and mitigation in Web3, leveraging AI-driven technology to help industry leaders like 21Shares, Crypto[.]com, and ConsenSys prevent hacks, fraud, scams, and compliance challenges.

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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In this conversation, Michael Pearl interviews Delphine Forma, a leading expert in crypto compliance and regulations and the Policy Lead at Solidus Labs.

She is also the host of the MiCA Masters Podcast and the manager of the Crypto Compliance and Legal Telegram community.

They discuss the evolving landscape of crypto compliance, the challenges posed by varying AML regulations across jurisdictions, and the impact of the MiCA framework on the industry.

Delphine shares insights on the importance of real-time monitoring for fraud prevention and the need for a community in the crypto compliance space. The conversation highlights the necessity for global standards and the proactive role of the industry in shaping regulations.

Chapters

(00:30) Introduction to Delphine Forma and Her Background
(02:55) The Excitement of Crypto Compliance
(04:43) Overview of AML Regulations in Crypto
(09:52) Discrepancies in Compliance Tools
(14:39) Impact of MiCA on Crypto Regulation
(20:39) Understanding AML Requirements in the EU
(23:42) The Role of DORA in Cybersecurity
(25:45) Real-Time Monitoring and Fraud Prevention
(28:23) Regulatory Responsibility in Fraud Cases
(33:41) Building a Community in Crypto Compliance

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠

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In this conversation, Michael Pearl interviews Shiran Kleiderman, co-founder and CEO of Kleiderman Security and the former CISO of Celsius, discussing the evolving landscape of cybersecurity in the Web3 and crypto space.

Shiran shares his extensive background in both Web2 and Web3 cybersecurity.

The discussion covers the unique challenges faced by CISOs in Web3, the importance of understanding both cybersecurity and financial aspects, and the need for continuous compliance with emerging regulations like DORA and NIS2.

The conversation emphasizes the interconnectedness of security, compliance, and risk management, and the necessity for real-time monitoring in a 24/7 crypto environment.

Chapters

(01:50) Shiran's Journey in Cybersecurity

(05:07) Innovations in Bitcoin Wallet Security

(10:08) The Evolving Role of the CISO in Web3

(21:01) Lessons from Celsius: Security Philosophy

(35:51) Understanding DORA and NIS2 Regulations

(42:33) Future Directions for Cybersecurity in Web3

The Podcast is sponsored by Cyvers -

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠⁠

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In this conversation, Michael interviews Valencia (Val) Harkless, a global financial crime specialist, about her extensive experience in fraud investigation (among others as part of the FBI).

Val shares her journey into the field, the evolution of fraud schemes, and the challenges faced in tracing cryptocurrency transactions. They discuss the phenomenon of pig butchering scams, the role of exchanges in preventing fraud, and the regulatory landscape surrounding financial crime.

Val emphasizes the need for more trained investigators and better tools to combat the rising tide of financial crime in the crypto space.

Chapters

(02:32) Val's Journey into Financial Crime Investigation

(05:56) Evolution of Scams: From Nigerian Scams to Modern Fraud

(09:13) Cryptocurrency vs. Traditional Finance: A Comparative Analysis

(11:38) Challenges in Cryptocurrency Investigations

(17:49) Understanding Pig Butchering Scams

(19:14) The Role of Law Enforcement in Financial Crime

(23:24) The Responsibility of Crypto Exchanges

(26:46) Regulatory Perspectives on Financial Crime

(29:28) The Case of Tigran Gambarian: Lessons Learned

(33:31) Future Trends in Financial Crime and Prevention

The Podcast is sponsored by Cyvers -

Cyvers’s solutions provide pre-emptive protection against malicious activity across the Web3 space.

Learn more at: ⁠⁠⁠⁠⁠⁠⁠⁠Cyvers.ai⁠⁠⁠⁠⁠⁠⁠⁠

⁠⁠⁠⁠⁠⁠⁠⁠Book a call⁠⁠⁠